well

well

the open space in the centre of a law court.

WELL. A hole dug in the earth in order to obtain water.
2. The owner of the estate has a right to dig in his own ground, at
such a distance as is permitted by law, from his neighbor's land; he is not
restricted as to the size or depth, and is not liable to any action for
rendering the well of his neighbor useless by so doing. Lois des Bat. part.
1, c. 3, sect. 2, art. 2, Sec. 2.

Sovereign weights, which take into account country as well as transferability and convertibility (T&C) risks, are placed on entities that are rated above the sovereign ratings of their countries of domicile, which is the case for Kuveyt Turk.

The bond includes a negative pledge provision binding Arcelik, as well as financial reporting obligations, a restriction on certain corporate reorganisations, and a covenant limiting transactions with affiliates that do not comply with an arms-length principle.

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